Daybreak Oil and Gas Inc (DBRM)

[maverick one]

Not too many shares sold, today, for a pending acquisition to close shortly?

I’m not sure how this pending deal will have any positive common shareholders to the upside PPS. Yes it shows conversion at .45, but that’s NOT for common folks, but others, nor does it imo equal that’s what common stock is or WILL BE worth on open market.

If this company has any aspirations to move to a higher exchange, it will have to minimally trade at $1.00 for a long period to qualify. That imo, will not occur, unless 2 things happen. Stock PPS rises considerably on its own or a combined potential RS- to try and get it higher.

I just don’t see that occurring at moment. Sure extra oil and revs is peachy, however, nobody knows what they’ll do with it, or even when!?

I’m just sitting back watching as usual. But I’m not buying into alleged potential news, until I see an actual execution, and subsequent, positive activity that could potentially enhance a very low valuation in common shareholders situation.

One would like to surmise hey there’s potential here, but this has always had that. Just hadn’t panned out for commons so far in many many years. Doesn’t mean can’t occur. Anything is possible.

But...hey go DBRM!